Cashless Payment of Toll Fee Is Here – At 275 Toll Plazas from Monday
National Highways Authority of India (NHAI) will make cashless payment mechanism operational at 275 toll plazas across the country from Monday.
National Highways Authority of India (NHAI) will make cashless payment mechanism operational at 275 toll plazas across the country from Monday. Known as FASTag, this mechanism will help in obtaining almost non-stop vehicle movement at toll plazas.
FASTag is a reloadable tag that is fixed on the windscreen of vehicles and leads to automatic deduction of toll charges with the help of radio-frequency identification technology (RFID).
IIT Madras Offers Free Online Course For Engineers: Here's How You Can Earn a Certificate
IIT Madras is offering a free online course for engineers on data science via the SWAYAM portal. Read on to know more about duration, syllabus and how to get a certificate.Read more >
A unique number on the FASTag is detected by a reader fixed in the dedicated electronic toll collection lanes of plazas. The tag is linked to a prepaid account from which the toll amount is deducted every time the vehicle passes through the plaza.
FASTag has a one-time fee of Rs. 200. NHIA will provide a 10% cash back incentive on toll payments for FASTag users in financial year 2016-17, and the cashback amount each month will be credited back to the users’ accounts at the beginning of next month. Customers will receive SMS alerts on their registered mobile numbers for all the transactions.
NHAI has tied up with ICICI bank and Axis bank for providing this service. “FASTag will be available on sale from selected toll plazas on National Highways and designated branches of participating banks from April 25. These can be recharged by making payments through cheque or online through credit card/debit card/NEFT/RTGS or through net-banking,” NHAI told PTI.
The minimum recharge amount is Rs. 100 and can be up to Rs.1 lakh for commercial vehicles.
Currently, India has 350 toll plazas. FASTag will become operational at the remaining toll plazas within a year. Details of participating banks (ICICI and Axis Bank in Phase-I), point of sale locations and frequently asked questions (FAQs) can be found on the website of NHAI and Indian Highways Management Company Limited (IHMCL) – www.nhai.org and www.ihmcl.com.
Like this story? Or have something to share? Write to us: firstname.lastname@example.org, or connect with us on Facebook and Twitter (@thebetterindia).
This story made me
Tell Us More
IAS Coaching Centre Fined Rs 5 Lakh for Misleading Ads With Toppers: Red Flags You Should Check For
Searching for the best UPSC coaching institute? The Central Consumer Protection Authority (CCPA) has just imposed a fine of Rs 5 Lakh on Khan Study Group (KSG) for misleading ads with IAS toppers.Read more >